Automotive Chip Market Size| COVID-19 Analysis

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Automotive chip is a key vehicle component catering a slew of automotive application such as advanced driving assistance system, parking assistance, lane-change assistance and blind spot detection. Besides, technological development in the automotive sector has bolstered the application prospects of automotive chip.

Regional Analysis

Asia Pacific is the largest automotive chip market size. The region currently accounts for nearly 51% share of the of global Automotive Chip Market Size. The market in APAC is led by China, which is home to the largest automotive manufacturing industry. In 2017, the China Automotive Chip Market Size was valued at USD 9,659.5 Mn. It is anticipated that countries such as India, China and Japan are expected to make significant contribution to the market during the forecast period. This is mainly owing to prowess of these countries in the automotive sector. In addition, growth of sub-markets such as automotive semiconductor is reflecting favourably on the APAC market.

Segmental Analysis

By propulsion, the market has been segmented into HEVs, BEVs and ICE. By vehicle type, the market has been segmented into commercial vehicle and passenger car. Based on product, the market has been segmented into logic ICs, microcontrollers & microprocessors and analog ICs. Of these, the analog IC segment commanded for close to 42% share of the market in 2017. The segment is currently valued at over USD 14,900 Mn and is projected to demonstrate a CAGR of 15.93% during the assessment period. The segment’s growth is driven by widespread use of analog IC in linear regulators, active filters, operational amplifiers, phase locked loops, oscillators among others.  The broad application spectrum of analog IC across sectors such as automotive, and electronics is continues to fuel its demand.  On the basis of application, the market has been segmented into chassis, safety system, telematics & infotainment, powertrain and body electronics.

Competition Analysis

Some of the notable market players profiled in MRFR’s report include ON Semiconductor (US), Infineon Technologies AG (Germany), Toshiba Corporation (Japan), NXP Semiconductors